Industry Forecast

Antimicrobial Coatings Market by Application, Product Growth over 2016-2024

Press Release   •   Aug 31, 2017 06:31 EDT

The global Antimicrobial Coatings Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.

Global Antimicrobial Coatings Market  size is poised to cross USD 7 billion by 2024; according to a new research report by Global Market Insights, Inc.

Rising concern about prevention of contamination risk in medical equipment should fuel the antimicrobial coatings market growth. Increasing rate of infections through medical instruments in hospitals has led to pretreat these medical devices. Currently, more than 90% of the hospital instruments are treated prior to use to prevent hospital acquired infections (HAI). Growth in medical expenditure coupled with advancement in health improving devices should boost the antimicrobial coatings market demand.

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Reasons to Buy This Report:

1. Antimicrobial Coatings Market size & share forecast by product & application 2016-2024

2. Growth drivers, pitfalls & industry challenges

3. Key Antimicrobial Coatings Market growth opportunities & emerging business models

4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Antimicrobial Coatings Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.

Antimicrobial powder coatings are manufactured using ingredients like bronze, silver, titanium dioxide and copper. Most widely used ingredient is silver, being costlier than other ingredients, may impact the pricing trends and profit margins of manufacturers. Antimicrobial powder coatings market share accounted for over 42% of total market in 2015.

It finds wide range of applications in sterilization equipment used in hospitals, shopping cart in retail outlets, escalators and elevators, kitchen ware, food processing equipment, refrigerators, steel storage cabinets, kitchen sinks and steel shelving. Widening consumption should drive the antimicrobial powder coatings market.

Even though there is increase in growth rate, continual growth is dependent on development of ecofriendly products and price trend. Key market players in paint industries are focused on expansion of current product portfolio with implementation of low VOC content products.

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North America, led by the U.S. antimicrobial coatings market will witness growth over 10% from 2016 to 2024. Increasing healthcare spending, stringent sanitation regulations along with increasing emphasis on minimizing infections will drive the regional industry growth.

APAC led by China and India will witness gains at over 9% by 2024. Rising construction, medical and food & beverages industry expansion, owing to increasing consumer affordability will open new avenues for regional industry growth.

Europe antimicrobial coatings market will generate over USD 1 billion business by 2024, owing to the food retail industry expansion particularly in the UK, France, Germany and Italy. Indoor air quality and medical industry will be the key revenue generating segments.

LATAM, led by Brazil antimicrobial coatings market will generate over USD 70 million revenue by 2023 in mold remediation applications.

BASF, AzkoNobel, DSM, DuPont and Dow Microbial Control are some of the key industry participants. Product development and innovations are important strategies. Distribution channel includes convenience stores, retailers, supermarkets, company owned retail outlets and online marketing. Some companies are focusing to obtain large presence across value chain by engaging into agreements with domestic suppliers for efficient supply.

Other prominent participants are Sherwin-Williams, Diamond Vogel Paints, Arch Lonza, Nippon Paint, RPM, AK, Sono-Tek Corporation and Troy Corporation.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.